Today’s Blanket Policies and the Underinsured Property Problem

2022-10-06T15:52:53-04:00Tags: , , , |

Once upon a time (or before 2008), when an organization wanted to insure their full property portfolio, they could streamline their insuring process and secure more complete coverage by getting a true blanket insurance policy. This blanket policy was a single property insurance policy that either covered multiple locations, different types of property at [...]

How AssetWorks’ Valuation Estimator Helps Mitigate Underinsurance Concerns

2022-09-28T14:47:16-04:00Tags: , , , |

Underinsurance has always been a concern for organizations striving to mitigate their risk — particularly those with large property portfolios and unique structures, where lots of very specific data must be collected to ensure valuation accuracy.  But increasingly, the underinsurance gap has been made even wider by the volatile cost shifts and supply chain [...]

AssetWorks Risk Management: A Growing Team Serving Up Customer Success

2022-06-29T15:48:48-04:00Tags: , , |

At AssetWorks, we consider ourselves successful when our customers are successful. And in that spirit of collective winning, we’ve been building up our risk management team to keep pace with our customers’ needs for quality services. We started by opening a brand-new San Antonio office in 2022, to better serve the Western U.S. Heading [...]

Goodbye Silo Effect: How a RMIS Opens Up Greater Effectiveness

2022-05-18T09:50:07-04:00Tags: , , , |

Organizations talk about the importance of collaboration, communication and information-sharing, but the Silo Effect remains a very real challenge— and it affects everything, including a company’s workflow and ability to manage risk. You’ll recognize it in duplicated efforts, inefficiencies, workarounds, and departments that focus narrowly on their own efforts without examining how they’re a part [...]

2022 Construction Cost Trends and Property Valuation

2022-06-15T12:03:44-04:00Tags: , , , |

COVID-19’s business ramifications extend well-beyond the more popularly-discussed healthcare and restaurant industries. Throughout 2021 and into -22, the construction industry faces skyrocketing costs, presenting significant challenges for new construction projects as well as property repair and replacement work. This, in turn, creates a dilemma for organizations with large property portfolios. How do you place [...]

USPAP Standards: What is a USPAP Appraisal?

2022-01-17T14:04:18-05:00Tags: , , |

If you’re looking for a property insurance appraisal, you may have heard that a USPAP appraisal is a highly- trusted way of collecting property valuation data for your annual Statement of Values (SOV). But what is a “USPAP appraisal” and how is it different from a standard appraisal? All About USPAP USPAP [...]

Cost Fluctuations and COVID-19’s Impact on Property Values

2022-01-13T11:07:29-05:00Tags: , , , , , |

The continuing aftershocks of COVID-19 and their effect on business — particularly in construction and property valuations — is resulting in higher construction costs. Supply chains have been disrupted and the cost for materials in certain areas have skyrocketed. While we can’t predict with any level of certainty what will happen next, it is [...]

The Property Insurance Data You Need for Water and Wastewater Treatment Plants

2022-01-13T11:09:08-05:00Tags: , , , , |

Water treatment plants and wastewater treatment plants might not be the first things that come to mind when you’re thinking about accurate property valuation data. But if your entity has one or both types of properties to include on its property insurance Statement of Values, you might just want to give that data a [...]

How Software for Risk Management Can Solve 6 Big Property Risk Problems

2022-01-13T11:11:22-05:00Tags: , , , |

AssetWorks Risk Management has been in the property risk management industry for a long time now. And one thing we’ve learned is that organizations face some very common, yet critical problems that only robust property risk management software can effectively solve. The six big customer issues that come up time after time include: [...]